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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 35,546,244 $ 38,203,059
Marketable securities 14,600,404 14,564,115
Accounts receivable, net of allowances 6,672,300 6,077,120
Inventories 4,983,227 4,270,143
Other current assets 5,160,817 3,997,637
Total current assets 66,962,992 67,112,074
Property and equipment, net 482,591 536,450
Intangible assets, net 21,172,570 21,168,596
Other assets 2,456,118 3,101,839
Total assets 91,074,271 91,918,959
Current liabilities:    
Accounts payable 6,658,196 2,877,479
Other current liabilities 5,027,735 9,534,268
Total current liabilities 11,685,931 12,411,747
Revolving line of credit 3,700,000 1,700,000
Other long-term liabilities 1,265,725 987,429
Total liabilities 16,651,656 15,099,176
Commitments and contingencies
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 16,195,631 and 16,379,501 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 55,175,133 57,338,294
Retained earnings 19,354,625 19,549,614
Total shareholders’ equity 74,529,758 76,887,908
Noncontrolling interests (107,143) (68,125)
Total equity 74,422,615 76,819,783
Total liabilities and equity $ 91,074,271 $ 91,918,959